Question
Mr. X deposits ₹10,000 at a simple interest rate of 8% per annum for 4 years. After 2 years, he invests an additional ₹12,000 at the same rate for 3 years in a separate plan. What is the difference in the interest earned from the two deposits?
Difference between interest earned = 3200 - 2880 = 320 More Simple and compound interest Questions
- A sum of Rs. 3800 is invested at simple interest for 2 years. If the rate interest for first year is 12% p.a. while 20% p.a. for second year, then find the...
- Calculate the simple interest on Rs. 7,500 at the rate of 12% per annum for 18 months.
- A certain amount is split equally between two investment plans. One offers simple interest and the other compound interest, both at the same annual rate co...
- Rs.5,000 is divided into two parts such that if one part is invested at 4% and the other at 5%, then the whole annual interest from both sums is Rs.223. Ho...
- Shivam invested 22000 at 12% p.a. simple interest for ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.27500. What is the value of...
- A woman invested a certain amount in scheme 'A' at simple interest of 18% p.a. for 4 years. She then reinvested the total amount received in scheme 'B' whi...
- A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2700 after 4 years. If the same amount is invested a...
- Simple interest earned on an amount of Rs. 2600 at rate of R% per annum after 4 years is Rs. 1300. Find the simple interest earned on an amount of Rs. 1200...
- A certain sum of money becomes Rs. 1922 in 1 year and 2900 in 3 years at certain rate of simple interest. Find the sum of money invested.
- A sum when invested at simple interest of 10% p.a. becomes Rs. 1,680 in 4 years. If the same sum was invested at compound interest of 20% p.a. for 2 years,...
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)